2020 Capital Budget and 2021-2024 Long Range Forecast December 2, - - PowerPoint PPT Presentation

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2020 capital budget and 2021 2024 long range forecast
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2020 Capital Budget and 2021-2024 Long Range Forecast December 2, - - PowerPoint PPT Presentation

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2020 Capital Budget and 2021-2024 Long Range Forecast December 2, 2019 ajax.ca Capital Budget Overview Studies and Initiatives Vehicles and Equipment Technology Road Network Town Buildings Bridges and Culverts Parking Lots Storm water

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ajax.ca

2020 Capital Budget and 2021-2024 Long Range Forecast

December 2, 2019

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Capital Budget Overview

Studies and Initiatives Technology Parking Lots Town Buildings Parks & Open Spaces Vehicles and Equipment Road Network Bridges and Culverts Storm water Network

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2020 Capital Budget

The total 2020 Capital Budget is $27,022,200 93% ($25.1M) of the capital budget is dedicated to 4 project categories: 52% 19% 11% 11%

Road Network $13.9M Town Buildings $5.2M Vehicles & Equipment $3.1M Parks and Open Spaces $2.9M

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2020 Capital Budget

5 project categories make up the remaining 7% ($1.9M) of the capital budget:

1,100,000 364,100 280,000 90,000 60,000 Studies and Other Inititiatives Technology Bridges & Culverts Parking Lots Storm Water Network 4

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2020 Capital Budget Funding

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60,700 260,000 1,964,200 6,491,900 6,955,500 11,289,900

External Contributions Stormwater Maintenance Recoveries from Other Municipalities Development Charges Federal Gas Tax Capital Reserves

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2020 General Levy Allocations- $5.6M

Building Maintenance Reserve, 801,100 , 14% Development Reserve, 200,000 , 4% General Infrastructure Reserve, 921,600 , 16% Roads Maintenance Reserve, 1,628,200 , 29% Strategic Initiatives Reserve, 387,000 , 7% Veh./Eqp. Replacement Reserve, 1,657,900 , 30%

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2020 Slots - $5.7M

Debt Reduction Reserve, 1,426,500 , 25% Building Maintenance Reserve, 570,700 , 10% Development Reserve, 1,426,700 , 25% General Infrastructure Reserve, 570,700 , 10% Roads Maintenance Reserve, 570,700 , 10% Strategic Initiatives Reserve, 285,300 , 5% Veh./Eqp. Replacement Reserve, 856,000 , 15%

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2020 Elexicon - $3.2M

Building Maintenance Reserve, 639,300 , 20% Development Reserve, 639,300 , 20% General Infrastructure Reserve, 479,400 , 15% Roads Maintenance Reserve, 479,400 , 15% Strategic Initiatives Reserve, 159,800 , 5% Veh./Eqp. Replacement Reserve, 799,100 , 25%

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2020 Capital Funding - $14.5M

General Levy Allocations, 5,595,800 , 39% SLOTS, 5,706,600 , 39% Elexicon, 3,196,300 , 22%

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2020 Allocation to Reserves

  • 95% of Slots Revenue are allocated to Capital Reserves
  • 100% of Elexicon Revenue are allocated to Capital Reserve
  • General Levy allocations support the maintenance /

replacement of existing infrastructure

  • 500,000

1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000

Slots $5,706,600 Elexicon $3,196,200 General Levy $5,595,800

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2020 Budget Funding from Capital Reserves

Spending caps of 65% were exceeded for three reserves to allow for roof replacements, fire trucks and advancement of strategic initiatives

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 Spending Cap Exception to FSP (roof replacements, fire trucks)

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2019 Long Term Debt - $19.7M

Municipal Building/Library, 1,359,777 , 7% Audley Recreation Centre Phase 1, 6,466,000 , 33% Fire Headquarters, 1,352,000 , 7% Audley Recreation Centre Phase 2, 9,196,000 , 46% Operations Centre, 1,332,000 , 7%

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Federal Gas Tax Revenues

In 2020, $7 million of FGT Revenues will be invested in our transportation network, facility energy projects and greenhouse gas emission reductions Key investments are: Project Amount Local Road Resurfacing & Reconstruction $2,451,000 Facilities Upgrades and Energy Retrofits $2,035,000 Rotary Park Boardwalk Construction $1,462,000 Neighbourhood Streetlight Improvements $507,500 Integration of Asset Management with Work Management (Capacity Building) $500,000

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2020 Capital Budget Multi-year Projects

  • Capital projects that have received pre budget approval to permit

early tendering or to meet time constraints or that were cash flowed over two years to comply with FSP spending cap guidelines

  • These projects cannot be removed from the 2020 Capital Budget

Project # Project Name Amount 1005311 Church Street Reconstruction – Rossland to Hydro Corridor $5,555,000 1008011 Fleet - Repl. P44 Pumper Rescue $915,000

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Looking Forward

  • Main Library and Town Hall Roof Replacements
  • Rotary Park Boardwalk Construction
  • Dennis O’Connor Park Retrofit
  • St. Andrew’s Improvements
  • ACC Tennis Court Upgrades

Community Amenities

2020 Capital Budget Highlights

  • Church Street Reconstruction - Rossland Rd to

Hydro Corridor

  • Admiral Road Reconstruction
  • Accessible Pedestrian Signals and Traffic

Signal Countdowns

  • Westney / Millington Traffic Signal

Transportation

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Looking forward

  • IT Strategy
  • Asset Management Plan
  • Economic Development

Strategy

  • Recreation Master Plan
  • Fire Master Plan
  • Accommodation Study
  • Facility Security Assessment

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THANK YOU/ QUESTIONS?

Sandy Serrao

Acting Director of Finance Finance Town of Ajax sandra.serrao@ajax.ca (905) 619-2529, ext. 3324

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